Trane (NYSE:TT) had its target price raised by Credit Suisse Group from $108.00 to $117.00 in a report released on Thursday morning, The Fly reports. They currently have an outperform rating on the stock.
Several other equities analysts have also issued reports on TT. TheStreet raised Trane from a c+ rating to a b- rating in a report on Monday, July 27th. UBS Group began coverage on Trane in a report on Monday, June 22nd. They issued a neutral rating and a $95.00 target price for the company. Citigroup reduced their target price on Trane from $97.00 to $93.00 and set a buy rating for the company in a report on Wednesday, May 6th. Cleveland Research began coverage on Trane in a report on Friday, April 24th. They issued a neutral rating for the company. Finally, Wolfe Research lowered Trane from a market perform rating to an underperform rating and set a $90.00 target price for the company. in a report on Wednesday, April 15th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. Trane has a consensus rating of Hold and a consensus target price of $102.79.
Shares of TT opened at $111.87 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.66 and a quick ratio of 1.20. The business’s 50 day moving average is $94.48. The company has a market cap of $26.78 billion, a price-to-earnings ratio of 28.18 and a beta of 1.36. Trane has a 52 week low of $70.00 and a 52 week high of $146.85.
Trane (NYSE:TT) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.50. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.77 billion. Trane had a return on equity of 18.82% and a net margin of 6.76%. The firm’s quarterly revenue was down 14.3% compared to the same quarter last year. On average, analysts expect that Trane will post 3.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be given a dividend of $0.53 per share. The ex-dividend date is Thursday, September 3rd. This represents a $2.12 annualized dividend and a dividend yield of 1.90%. Trane’s dividend payout ratio is currently 33.28%.
In other Trane news, SVP Keith A. Sultana sold 1,314 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $101.35, for a total transaction of $133,173.90. Following the sale, the senior vice president now owns 22,317 shares in the company, valued at $2,261,827.95. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.92% of the company’s stock.
Several large investors have recently bought and sold shares of TT. Park National Corp OH purchased a new stake in shares of Trane during the first quarter worth $736,000. Cullinan Associates Inc. purchased a new stake in shares of Trane during the first quarter worth $413,000. Summit Financial Group Inc. purchased a new stake in shares of Trane during the first quarter worth $347,000. State of Alaska Department of Revenue purchased a new stake in shares of Trane during the first quarter worth $8,397,000. Finally, Gradient Investments LLC purchased a new stake in shares of Trane during the first quarter worth $33,000. Hedge funds and other institutional investors own 79.59% of the company’s stock.
Trane Company Profile
Ingersoll-Rand Plc designs, manufactures, sells, and services industrial and commercial products. The company operates through Climate and Industrial segments. The Climate segment offers air conditioners, exchangers, and handlers; airside and terminal devices; auxiliary power units; chillers; coils and condensers; gensets; furnaces; heat pumps; home automation; humidifiers; hybrid and non-diesel transport refrigeration, and ice energy storage solutions; indoor air quality; industrial refrigeration; motor replacements; refrigerant reclamation; thermostats/controls; transport heater products; and water source heat pumps.
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